Overview - Xi'an Global Printing Co., Ltd. has decided to shrink its internet digital marketing segment to enhance overall operational efficiency and optimize resource allocation, focusing on core strategic directions in response to market uncertainties and pressures [1][2]. Business Adjustment - The board of directors approved the proposal to suspend the internet digital marketing business of its subsidiary, aiming to refine the company's business layout and improve overall efficiency [2][6]. - The decision is based on the current situation of the internet digital marketing business and market conditions, with the goal of protecting the legal rights of the company and all shareholders [2][6]. Subsidiary Information - The subsidiary, Holguozi Linkai Network Technology Co., Ltd., along with its subsidiaries, provides internet digital marketing services, including technical support, creative design, and market development assistance [2][5]. Financial Performance - The financial data indicates significant challenges, with total assets of 119.15 million and total liabilities of 291.10 million, resulting in a negative equity of -171.95 million [5]. - The subsidiary reported a net loss of 59.97 million for the audited period, highlighting the financial strain on the internet digital marketing segment [5][6]. Market Conditions - The internet and mobile internet sectors are experiencing intensified competition, leading to a decline in revenue and gross margins for the digital marketing segment, compounded by overdue accounts receivable and insufficient working capital [6][7]. - The company anticipates that the suspension of the digital marketing business will narrow its operational scope and significantly reduce revenue, impacting the financial results for 2025 [6][7]. Strategic Focus - The move to suspend the digital marketing business aligns with the company's strategic deployment and development status, allowing it to concentrate resources on core business areas and enhance competitive advantages [7]. - The company plans to strengthen debt collection efforts to protect shareholder interests following the business adjustment [7].

Core Viewpoint - Xi'an Global Printing Co., Ltd. has reported significant non-operating fund occupation and related party transactions, indicating potential liquidity issues and financial interdependencies within its corporate structure [1][2][3]. Group 1: Non-operating Fund Occupation - The company has recorded a total of 41,302.25 million yuan in non-operating fund occupation, with an increase of 1,717.67 million yuan compared to the previous period [3]. - The non-operating fund occupation includes significant amounts owed to related parties, such as 31,226.15 million yuan to Xi'an Lingfeng Global Printing Technology Co., Ltd. [2][3]. - The report highlights that the non-operating fund occupation is primarily due to transactions with controlling shareholders and their subsidiaries [1][2]. Group 2: Related Party Transactions - The company has substantial receivables from related parties, including 1,700.00 million yuan from a supply chain management company, indicating ongoing financial interactions [3]. - Other receivables include 738.58 million yuan from Xi'an Eno and Chuang Technology Development Co., Ltd., reflecting a diverse range of related party transactions [2]. - The total amount of other receivables from related parties is reported at 41,094.56 million yuan, with a notable increase of 411.52 million yuan [3].

Overview - Xi'an Global Printing Co., Ltd. has approved a proposal to publicly lease idle assets to enhance resource integration and increase revenue [1][2] - The company plans to lease three idle assets located at No. 32, Science and Technology First Road, Xi'an High-tech Zone, with assessed annual rental prices of 10.42 million yuan, 1.65 million yuan, and 2.66 million yuan respectively [1] Asset Leasing Progress - The company held its first formal listing on April 25, 2025, but did not attract any qualified tenants [2] - On May 28, 2025, the company reduced the rental prices by 10% for a second listing due to the lack of interest [3] Adjustments to Leasing Proposal - The rental prices for the three assets have been adjusted as follows: - Asset One: from 10.42 million yuan to 8.03 million yuan - Asset Two: from 1.65 million yuan to 1.32 million yuan - Asset Three: from 2.66 million yuan to 2.86 million yuan [3][4] - The adjustments were made based on a new market assessment conducted by Xi'an Hengda Real Estate Asset Evaluation and Survey Co., Ltd. [4] Authorization Matters - The board of directors has requested shareholder authorization to allow management to handle the leasing process, including determining the final tenants and rental terms [5] Impact of Adjustments - The leasing of these assets is expected to improve asset utilization efficiency and provide stable rental income, positively affecting the company's financial status [5]

Core Viewpoint - The report evaluates the rental price of industrial land and buildings owned by Xi'an Global Printing Co., Ltd. located in Xi'an High-tech Zone, providing a comprehensive analysis based on market conditions and property specifics [1][2][3]. Summary by Relevant Sections Valuation Purpose - The valuation aims to provide a reference for determining the rental price of the real estate [3]. Valuation Object - The object of valuation includes industrial land and buildings at No. 32, Keji 1st Road, Xi'an High-tech Zone, with a total building area of 9,506.01 square meters [3][4]. Valuation Method - The comparative method was used for valuation, analyzing various factors affecting the market rental price [1][2]. Valuation Results - The estimated rental price range is between 285.75 million and 314.34 million yuan annually, with a unit rental price range of 12.00 to 13.20 yuan per square meter per month [1][2]. Market Conditions - The report highlights the overall market conditions in Xi'an, indicating a stable yet cautious environment for real estate, with a focus on industrial properties [4][5]. Economic Context - Xi'an's economy is characterized by a steady growth trajectory, with a GDP of 13,317.78 billion yuan in 2024, reflecting a resilient economic environment despite challenges [4][10]. Infrastructure and Accessibility - The valuation area is well-connected with major roads and public transport, enhancing its attractiveness for industrial use [3][4]. Future Outlook - The report anticipates continued demand for industrial properties in Xi'an, driven by technological advancements and economic development initiatives [6][10].

Overview - Xi'an Global Printing Co., Ltd. has approved the disposal of 13 outdated fixed assets, including Heidelberg four-color printing machines, coding machines, and inspection machines, to improve overall asset quality and accurately reflect the company's financial status [1][6] Asset Disposal Details - The assets to be disposed of were purchased between October 2001 and September 2014 and have no repair or reuse value [2] - The assets are fully owned by the company, with clear ownership status and no encumbrances or legal restrictions [2] Valuation Information - The company engaged Zhonglian Asset Appraisal Group (Shaanxi) Co., Ltd. to assess the fixed assets, which reported a book value of 3.6525 million yuan and an assessed value of 2.9983 million yuan, indicating a reduction of 654,200 yuan and a depreciation rate of 17.91% [2][4] Transaction Process - The disposal will be conducted through public listing, with the final transaction price to be determined based on actual sales [4] - If the initial public listing does not result in a sale, the price will be adjusted downward for a second listing, but the final price will not be less than 90% of the initial listing price [4][6] Board Authorization - The board has authorized management to develop and implement the disposal plan, determine the final transaction counterpart and price, and sign relevant contracts [4] Impact on the Company - The asset disposal is expected to enhance the overall quality of the company's assets and accurately reflect its financial condition without significantly impacting its operations [4][6]

Core Viewpoint - The company, Xi'an Global Printing Co., Ltd., plans to temporarily use part of its idle raised funds to supplement working capital, which has been approved by its board and supervisory committee [2][8]. Fundraising Basic Situation - The company raised a total of RMB 750,481,200 by issuing 68,040,000 shares at RMB 11.03 per share, with a net amount of RMB 737,532,619.79 after deducting issuance costs [2][3]. Fund Usage Plan - The total investment amount for the projects funded by the raised capital is RMB 978.37 million, with RMB 737.53 million already invested as of June 30, 2025, leaving a balance of RMB 193.84 million in the special account [4][5]. Temporary Use of Idle Funds - The company intends to use up to RMB 150 million of idle raised funds to temporarily supplement working capital for a period not exceeding 12 months, with a commitment to return the funds to the special account before the deadline [6][7]. Financial Efficiency - The estimated savings on financial costs from this temporary use of funds is projected to be up to RMB 4.5 million, based on a loan market quotation rate (LPR) of 3.00% for one year [6][7]. Compliance and Approval - The board and supervisory committee have approved the use of idle funds, confirming that the process complies with relevant regulations and will not affect the normal execution of the fundraising investment plan [8].

Business Performance - Luxshare Technology plans to issue H-shares and list on the Hong Kong Stock Exchange [1] - China Shipbuilding Industry Corporation will suspend trading from August 13 until delisting [1] - Hikvision's chairman proposed a mid-term dividend of 4 yuan per 10 shares (including tax) for 2025 [1] - North Medical's subsidiary has essentially halted its main business since June [1] - Shenzhen Huangting Plaza will be judicially auctioned with a starting price of 3.053 billion yuan [1] - ST Suwu's controlling subsidiary has initiated arbitration against Regen Biotech for default, which has been accepted [1] - ST Yigou plans to pay 220 million yuan to reach a debt settlement agreement with Carrefour [1] - Shanghai Jianke's director is under disciplinary review and investigation [1] Mergers and Acquisitions - Xincheng Technology has terminated the acquisition of 96.96% equity in Tianyi Enhua [1] - Guangku Technology intends to purchase 100% equity in Suzhou Anjie Xun Optoelectronics, with resumption of trading on the 12th [1] - ST Biology plans to acquire 51% equity in Huize Pharmaceutical, expected to constitute a major asset restructuring [1] - Dongfang Guoxin aims to gain control of Shituo Cloud to deepen its layout in the intelligent computing power sector [1] - Jinding Investment intends to control Nanjing Shenyuan, entering a key segment of the robotics industry chain [1] - Huangshanghuang plans to acquire 51% equity in Lixing Food for 495 million yuan [1] Financial Performance - Xianggang Technology reported a net profit of 78.32 million yuan in the first half, a year-on-year increase of 432.14% [1] - Yonghe Co. reported a net profit of 271 million yuan in the first half, a year-on-year increase of 140.82% [1] - Fuda Co. reported a net profit of 146 million yuan in the first half, a year-on-year increase of 98.77% [1] - Desay SV reported a net profit of 1.223 billion yuan in the first half, a year-on-year increase of 45.82% [1] - Dier Laser reported a net profit of 327 million yuan in the first half, a year-on-year increase of 38.37% [1] - Rijiu Optoelectronics reported a net profit of 45.61 million yuan in the first half, a year-on-year increase of 37.87% [1] - Wolong Electric Drive reported a net profit of 537 million yuan in the first half, a year-on-year increase of 36.76% [1] - Satellite Chemical reported a net profit of 2.744 billion yuan in the first half, a year-on-year increase of 33.44% [1] Other Financial Results - High Stakes Mining reported a net profit of 69.2 million yuan in the first half, a year-on-year increase of 25.7% [2] - Yingliu Co. reported a net profit of 188 million yuan in the first half, a year-on-year increase of 23.91% [2] - Nanwei Medical reported a year-on-year net profit increase of 17.04% and plans to distribute a dividend of 5 yuan per 10 shares (including tax) [2] - Zhejiang Huaye reported a year-on-year net profit increase of 6.66% and plans to distribute a dividend of 4 yuan per 10 shares (including tax) [2] - New Strong Union reported a net profit of 400 million yuan in the first half, returning to profitability [2] - Aobi Zhongguang reported a net profit of 60.19 million yuan in the first half, returning to profitability [2] - Action Education reported a year-on-year net profit decrease of 3.51% and plans to distribute a dividend of 10 yuan per 10 shares (including tax) [2] - Wanhu Chemical reported a net profit of 6.123 billion yuan in the first half, a year-on-year decrease of 25.10% [2] - New World reported a net profit of 78.03 million yuan in the first half, a year-on-year decrease of 30.01% [2] - Huafeng Chemical reported a net profit of 983 million yuan in the first half, a year-on-year decrease of 35.23% [2] - Hefo China reported a consolidated revenue of 425 million yuan in the first seven months, a year-on-year decrease of 22.66%, with a narrowing decline [2] - Shengnong Development reported a sales revenue of 2.129 billion yuan in July, a year-on-year increase of 22.02% [2] - Xiamen Airport reported a passenger throughput of 2.6248 million in July, a year-on-year increase of 8.58% [2]

Group 1 - The company, Global Printing (SZ 002799), reported a significant decline in revenue for the first half of 2025, with approximately 439 million yuan, representing a year-on-year decrease of 43.53% [2] - The net profit attributable to shareholders of the listed company showed a loss of approximately 3.72 million yuan [2] - The basic earnings per share reflected a loss of 0.01 yuan [2]

Core Viewpoint - The company, Global Printing (002799.SZ), reported a significant decline in revenue and net profit for the first half of 2025, indicating potential challenges in its operational performance [1] Financial Performance - The company achieved an operating revenue of 439 million yuan, representing a year-on-year decrease of 43.53% [1] - The net profit attributable to shareholders of the listed company was -3.72 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -5.55 million yuan [1] - The basic earnings per share were -0.01 yuan [1]

Core Viewpoint - The company plans to scale down its subsidiary's internet digital marketing business to refine its business layout and enhance overall efficiency, which is expected to significantly reduce operating revenue and impact the financial status and operating results for the year 2025 [1] Group 1 - The company announced the intention to shrink its subsidiary's internet digital marketing operations [1] - This strategic move aims to improve the company's overall business efficiency [1] - The reduction in business scope is anticipated to lead to a substantial decline in operating revenue [1] Group 2 - The decision is expected to have implications for the company's financial condition and operational performance in 2025 [1]